In 2015, ABILITY GROUP achieved a major victory for one of its clients, successfully saving $550,000 through a workers’ compensation premium appeal. This case highlights the importance of expert guidance in navigating complex legislation and premium formula changes that can significantly impact businesses.
The Challenge
Following the 30 June 2015 NSW workers compensation legislation changes, many medium to large businesses faced steep premium increases. Industry estimates suggested that up to 70% of businesses would see higher renewal premiums for 2015/16. For employers, these changes posed serious financial risks, with potential costs running into hundreds of thousands of dollars.
The Appeal Process
ABILITY GROUP stepped in to review the client’s case and identified opportunities to challenge the premium calculation. Leveraging deep expertise in NSW workers compensation and iCare appeals, the team presented a strong case that ultimately led to a $550,000 reduction in premiums payable.
The Outcome
This successful appeal not only delivered immediate financial relief but also demonstrated the value of proactive risk management. By reducing unnecessary costs, the client was able to redirect resources toward growth and employee wellbeing.
Why It Matters
- Financial Impact: Significant savings that protect business sustainability.
- Expertise: ABILITY GROUP’s knowledge of legislation and premium formulas is critical in achieving favorable outcomes.
- Confidence: Businesses gain peace of mind knowing they have a trusted partner to navigate complex compliance challenges.
Partner with ABILITY GROUP
This case is just one example of how ABILITY GROUP helps businesses minimize workers compensation costs and safeguard financial stability. Whether facing premium increases, wage audits, or compliance challenges, ABILITY GROUP provides proven strategies to deliver results.
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